US National Security Probe Targets Wind Industry
The Commerce Department just opened a Section 232 “national security” probe into imported wind turbines and parts—quietly on Aug. 13, publicly today. That matters because 232 isn’t a press release;…
U.S., EU Finalize Trade Deal for $750B Energy Pledge, 15% Tariff Cap
The United States and the European Union have finalized a trade framework that commits Europe to up to $750 billion in U.S. energy purchases by 2028, while capping most tariffs…
Cenovus to acquire oil sands producer MEG for $5.7 billion
Christina Lake operations. Image: Cenovus Energy Cenovus Energy has entered into a definitive agreement to acquire MEG Energy in a cash and stock transaction valued at $7.9 billion CAD…
New Polish President Vetoes Wind Energy Bill
For the first time since taking office a few weeks ago, Poland’s new President Karol Nawrocki used his veto power to block a bill passed by Parliament—and it was a…
Sinopec’s Earnings Plunge amid Low Oil Prices, Weaker Fuel Demand
The largest Chinese and Asian refiner Sinopec reported on Thursday a 36% decline in its first-half profit on the back of lower oil prices and refining margins and weakening domestic…
Angola’s Oil Output Slips Below 1 Million Bpd in a First Since OPEC Exit
Angola failed to meet government forecasts for oil production in July as its crude output slipped below 1 million barrels per day (bpd) for the first time in two and…
EU, US Chart Next Steps on Trade Pact
The US and European Union took the next steps to formalize their trade pact, detailing plans that could reduce tariffs on European automobiles within weeks while opening the door to…
US backs down on semiconductor tariffs with EU but cooperation increases
US tariffs on European pharmaceuticals and semiconductors will not exceed 15% under a new agreement with the European Union (EU) while the EU intends to eliminate tariffs on all US…
US backs down on semiconductor tariffs with EU but cooperation increases
US tariffs on European pharmaceuticals and semiconductors will not exceed 15% under a new agreement with the European Union (EU) while the EU intends to eliminate tariffs on all US…
Norwegian Firm Restarts Kurdistan Oil Production After Drone Strikes
Norwegian oil and gas producer DNO ASA has resumed production at its two operated oilfields in Iraq’s semi-autonomous region of Kurdistan, following a halt of several weeks after drone attacks…
